FINANCE TODAY

by Bhavna SJ   MUMBAI, 15th June 2026 — InCred Capital, the institutional, wealth and asset management arm of InCred Group, today announced the launch of its US operations with the opening of its New York office. Building on its established presence across India, Singapore, Dubai and London, the launch marks another important milestone in InCred Capital’s journey to build a leading global platform connecting international capital with India’s growth opportunities. The New York office will focus on serving institutional investors, family offices and sophisticated clients through differentiated India-focused research, execution, corporate access and capital markets solutions, alongside curated opportunities across private markets, fixed income, alternatives, structured products and bespoke investment strategies. To lead its North American business, InCred Capital has appointed financial services veteran Arunava Das as CEO, North America. Arunava brings more than two decades of exper...

  by Bhavna SJ  Price band of Rs 130/- Rs 138/- per Equity Share bearing face value of Rs 10 each (“Equity Shares”) Bid/Offer Opening Date- Tuesday, June 23, 2026, and Bid/Offer Closing Date – Thursday, 25 June, 2026. Minimum Bid Lot is 100 Equity Shares and in multiples of 100 Equity Shares thereafter Mumbai, 15 June, 2026: Advit Jewels Limited has fixed the price band of Rs 130/- to Rs 138/- per Equity Share of face value Rs 10/- each for its maiden initial public offer. The Initial Public Offering (“IPO” or “Issue”) of the Company will open on Tuesday June 23, 2026, for subscription and close on Thursday June 25, 2026. Investors can bid for a minimum of 100 Equity Shares and in multiples of 100 Equity Shares thereafter. Equity shares outstanding as on date 3,38,42,000 Equity Shares of Rs 10 each. The IPO is a fresh issue of 1,19,68,000 equity shares. The proceeds from its fresh issue worth Rs 65 crore will be for funding incremental working capital requirements of the comp...

  by Bhavna SJ  Mumbai, 16th June 2026: Federal Bank has announced the launch of a special FCNR deposit in US Dollars named ‘FCNR Max Deposit Scheme’, aimed at meeting the rising demand among NRI customers for high-yield, secure investment options. The deposit scheme offers an interest rate of 6.25% for tenures ranging from 3 to 5 years, ensuring stable and competitive returns. The bank remains committed to offer customer-centric financial solutions, especially for its NRI clientele and that the FCNR Max Deposit Scheme reflects Federal Bank’s focus on delivering both value and reliability in foreign currency investments said Mr. Joy P. V., Country Head – Retail Liabilities. FCNR Max Deposit Scheme comes with a lock-in period of 1 year from the date of opening. In the event of premature closure after the lock-in period, interest will be payable at a rate 1% lower than the applicable rate for the actual period the deposit was maintained with the bank. About Federal Bank Federal...

  by Bhavna SJ  Acclaimed actress Kareena Kapoor Khan continues as the face of Nuwa Mumbai,12 June 2026: Malabar Gold & Diamonds has unveiled NUWA, a new natural diamond jewellery collection inspired by the intricate patterns, textures, and subtle details found in nature. Conceived as a celebration of modern luxury through the lens of the natural world, Nuwa draws inspiration from the intricate details that often go unnoticed, from the striking rhythm of stripes and honeycombs to the fluid formations and organic patterns shaped by the earth itself.  M. P. Ahammad, Chairman, Malabar Group, said, “At the heart of this collection is an appreciation for pattern play,the intricate textures formations and details that quietly shape the world around us. With Nuwa, we wanted to translate that beauty into a contemporary diamond collection that feels sophisticated, versatile, and relevant to today's woman. Every piece reflects a balance between intricate craftsmanship and effo...

  by Bhavna SJ  bob Legend FCNR(B) Deposit Scheme Mumbai, 16th June 2026: Bank of Baroda, India’s International Bank, is offering higher interest rates up to 6.25% p.a. to Non-Resident Indians (NRIs) under the ‘bob Legend FCNR(B) Deposit Scheme’. Under the new ‘bob Legend FCNR(B) Deposit Scheme’, the Bank is offering interest rates of up to 6.25% p.a. on US Dollar (USD) deposits, 4.75% p.a. on British Pound Sterling (GBP) and Australian Dollar (AUD) deposits, 5.15% p.a. on Canadian Dollar (CAD) deposits and 3.75% p.a. on Euro (EUR) deposits. Bank of Baroda continues to be the preferred banking partner for the global Indian diaspora through its extensive international footprint. Further, NRIs can benefit from the dual advantages of wealth creation and liquidity by availing of the hassle-free overdraft/loan facility against FCNR(B) deposits, providing enhanced financial flexibility while enabling them to maximise their returns. Interest Rates (% p.a.) on the bob Legend FCNR(B) ...

by Bhavna SJ   Private banks may deliver 21% earnings CAGR over FY26-28 as credit demand remains robust and management outlook turns constructive, says MOFSL report Mumbai, June 2026: Banking and financial services stocks are poised for improved performance, supported by an improving macro environment, healthy credit growth and a recovery in earnings, according to Motilal Oswal Financial Services Ltd's (MOFSL) latest BFSI Picks 4.0 report. The report highlights that banking system credit growth remained robust at 17.6%, driven by broad-based momentum across corporate, retail and MSME lending. MOFSL estimates banking system credit to grow at a CAGR of 14% over FY26-28. According to the report, earnings growth across the sector is expected to gain momentum, with private banks projected to deliver an earnings CAGR of around 21% over FY26-28, compared with approximately 8% for PSU banks. For its overall banking coverage universe, MOFSL estimates earnings growth of nearly 15% CAGR duri...